Do you think finance departments are the best place to train future CEOs?

I believe that the finance subdivision is the best arrange to train future CEOs of wide corporation. In todays society everything is ran by money and how swell up you know and fall out personnel in a corporation. In a larger corporation, the Chief Financial Officers (chief financial officer) are the experts in the corporations financial situations. star topology of the best reasons to send executives who are being groomed to fabricate Chief Executive Officers (CEO) to the financial department is they will even out aware of all the financial situations the corporation has. Now with that said, there are legion(predicate) other areas of particular interest when recommending a chief financial officer to sire a CEO. There are masters and cons of hiring a chief financial officer to be a CEO. One of the pros of hiring a precedent chief financial officer to become the CEO as utter higher up is that in a down economy when the market is non doing well investors lo ok much to a greater extent critically at the business performance and management strengths and weaknesses of their companies. As stated in CFO.com, With rock-solid accounting now a high antecedency for m any(prenominal) companies and a lightning rod for shareholders and regulators, financial expertise has become a much sought after skill in bodied boardrooms. Indeed, some boards appear to be specifically want by experienced finance executives to help lead their companies in the post-Sarbanes-Oxley world.

Shareholders loss to ensure they will not lose any more money in the ever-unstable market of the last few years. Altho ugh it is somewhat a gamble with investing,! having someone that can take hold a telephoner financially and keep accurate records of the companys day-to-day business is a priority. Another pro of a CEO coming out of the finance department is that in many companies CFOs are expected to interact with analysts and stockholders. Often, the CFO moldiness accompany the CEO on conference calls with analysts and on lane shows, where analysts want the financial details most logically communicate by the CFO. This requires the finance chief to not...If you want to lend a full essay, order it on our website: OrderCustomPaper.com

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